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Citadel Securities invests $400 million in Crypto.com at $20 billion valuation
Citadel Securities invested $400 million in the Singapore-based cryptocurrency exchange Crypto.com, valuing it at $20 billion. The deal marks the exchange's first institutional funding round since its 2016 founding. Funds will support expansion into tokenized securities, derivatives and other asset classes.
Jul 16, 2:00 PM·1m read2 sources
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Citadel Securities invested $400 million in Crypto.com, valuing the Singapore-based cryptocurrency exchange at $20 billion. The transaction is the exchange's first institutional funding round since its founding in 2016, the company said Thursday. Crypto.com said it will use the capital to expand into tokenized securities, derivatives and other asset classes.
The exchange is also developing offerings in prediction markets and tokenized real-world assets. Crypto.com co-founder and CEO Kris Marszalek said the size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance. The funding comes as traditional financial institutions increase participation in digital assets.
Spot bitcoin ETFs were introduced in January 2024, after which Wall Street firms expanded into digital asset trading, tokenization and custody. Bitcoin traded at $64,093.67 on July 16, 2026. Founded in 2016, Crypto.com has grown into one of the world's largest cryptocurrency platforms.
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